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The comovement between real activity and prices in the G7
Den Haan, Wouter J. - 2002
In this paper, we study the short-run and long-run comovement between prices and real activity in the G7 countries during the postwar period using vector autoregressive systems and frequency-domain filters. We find several patterns that are robust across countries and time periods. Typically,...
Persistent link: https://www.econbiz.de/10011327530
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Asymmetric price responses of gasoline stations : evidence for heterogeneity of retailers
Faber, Riemer P. - 2009
This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …
Persistent link: https://www.econbiz.de/10011379452
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Do daily retail gasoline prices adjust asymmetrically?
Bettendorf, Leon; Geest, Stephanie van der; Kuper, Gerard H. - 2005
in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by … estimating an EGARCH model. It turns out the volatility process is asymmetrical: an unexpected increase in the producer price has … a larger effect on the variance of the producer price than an unexpected decrease. We do not find strong evidence for …
Persistent link: https://www.econbiz.de/10011343273
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Cyclical consumption
Berger, Tino; Pozzi, Lorenzo - 2023
Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...
Persistent link: https://www.econbiz.de/10014380708
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Advance information and consumption insurance : evidence from panel data
Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022
incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …
Persistent link: https://www.econbiz.de/10013186823
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Labour supply and commuting : implications for optimal road taxes
Gutiérrez-i-Puigarnau, Eva; Ommeren, Jos van - 2009
Persistent link: https://www.econbiz.de/10003813771
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Labour supply and commuting : implications for optimal road taxes
Gutierrez-i-Puigarnau, Eva; Ommeren, Jos van - 2009
distance using the socio-economic panel data for Germany between 1997 and 2007. Endogeneity of commuting distance is accounted …
Persistent link: https://www.econbiz.de/10011377565
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A structural model of well-being : with an application to German data
Praag, Bernard M. S. van; Frijters, Paul; … - 2000
In this paper we attempt to explain individual, ordinally comparable,satisfaction levels. We postulate a simultaneous equation model where general satisfaction isexplained by exogenous shock and level variables, and by the values of the satisfactionswith respect to six distinct endogenous...
Persistent link: https://www.econbiz.de/10011303878
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Inference for adaptive time series models : stochastic volatility and conditionally Gaussian state space form
Bos, Charles S.; Shephard, Neil G. - 2004
In this paper we replace the Gaussian errors in the standard Gaussian, linear state space model with stochastic volatility processes. This is called a GSSF-SV model. We show that conventional MCMC algorithms for this type of model are ineffective, but that this problem can be removed by...
Persistent link: https://www.econbiz.de/10011334849
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Spatial heterogeneity and the wage curve revisited
Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - 2004
with other regions. These hypotheses are confirmed by means of an estimation of wage curves with data for 327 regions of … western Germany over the period 1990-97. …
Persistent link: https://www.econbiz.de/10011335216